Enterprise Budgeting

Enterprise Budgeting

Enterprise budgets are a helpful tool for organizing and understanding what production costs are for the coming year. Producers can use enterprise budgets to examine their farm by crop, variety, irrigation, tillage, or any other production practice. The more specific...

Fed Cattle Prices Jump Higher

Fed Cattle Prices Jump Higher

Fed cattle prices in the Southern Plains jumped a few more dollars per cwt last week to get to $154.71 per cwt.  That was almost $20 per cwt higher than the summer low.  Prices were also the highest since Spring 2015 and the highest for the first...

Looking Ahead to the 2023 Cotton Market

Looking Ahead to the 2023 Cotton Market

For planning purposes, it is never too early to think about next season’s opportunities and risks.  To start with, we’re still not settled on the size of the 2022 cotton crop. USDA forecasted the latter back in May at over 16 million bales, and their...

Current Non-Real Estate Farm Debt

Current Non-Real Estate Farm Debt

Through 2022, the ag sector in the Southern Ag Today (SAT) states has sustained periods of drought, volatile prices in respective markets, and interest rate hikes. As mentioned in a previous article (Martinez and Ferguson 2022), it is crucial to know where agriculture...

High Hog and Pork Prices This Year

High Hog and Pork Prices This Year

We have been negligent here at Southern Ag Today in not adequately covering the hog and pork market, but today we are going to make up a little for that oversight.  Southern states had about 19 percent of the U.S. breeding hog inventory on December 1, 2021.  USDA’s...

Exceptional Cow and Heifer Slaughter

Exceptional Cow and Heifer Slaughter

We are approaching the end of 2022 and are getting a more complete picture of beef cow and heifer slaughter and its implications for future supplies. Through October, heifer slaughter is up about 5 percent (402k head) and beef cow slaughter is up 13 percent (375k...

Retail Beef Prices Lower, Pork Higher

Retail Beef Prices Lower, Pork Higher

Beef, pork, and chicken prices are included in the consumer price index (CPI) released monthly.  Last week’s October CPI indicated meat prices going in opposite directions.  Two average retail beef prices are reported: Choice beef and the All Fresh...

Beef Cow Slaughter Ramps Up

Beef Cow Slaughter Ramps Up

Typically, beef cow culling peaks, nationally, during the last few weeks leading up to Thanksgiving.  The rapid pace of cow culling was documented in SAT back in early September, focusing on the South.  At that time, there was some hope that the...

Who’s Buying U.S. Peanuts?

Who’s Buying U.S. Peanuts?

The U.S. has been the world’s fourth-largest peanut producer over the past five years, averaging 3.1 million tons produced annually. Over that time, the U.S. has exported over one-fifth of its total produced peanuts, making it the third-highest exporter of peanuts...

A Legacy of Cooperative Leadership

A Legacy of Cooperative Leadership

2022 marks the 100th anniversary of the Capper-Volstead Act, which gives farmers and ranchers the legal right to join together in cooperative associations. The founders of the first agricultural cooperatives held strong convictions and above all else, loyalty to...

U.S. Pecan Trade

U.S. Pecan Trade

The United States is a world leader in pecan production totaling an estimated 115 thousand metric tons (TMT). Georgia led the country with over 40 TMT of pecans grown, despite production being 26.7 TMT lower than the previous year. New Mexico ranked closely behind...

Year-End Tax Preparations & Management

Year-End Tax Preparations & Management

Most farmers right now are not thinking about taxes, let alone tax management. Many are still harvesting crops and beginning to think about the next season, but it is also time to start the office work and meet with your tax professional.  A November or...

Small Grain Pastures

Small Grain Pastures

Wheat and other small grain grazing is an important source of demand for calves every Fall.   Fewer cattle will likely be grazing on small grain pastures this Winter due to poor plant establishment caused by drought. The January 2022 USDA-NASS Cattle...

Insurance Plans for Specialty Crops

Insurance Plans for Specialty Crops

Producers face production and marketing risks that could affect the operation’s financial performance every growing season. Developing strategies to mitigate such risk is essential for the health of the operation. USDA offers a number of programs to insure specialty...

It’s Turkey Time!

It’s Turkey Time!

It’s the season to think about turkey prices as the birds will start showing up in our grocery store meat cases in the next couple of weeks.  Last year, at this time, turkey prices were record high.  Prices have set new record highs this year...

Fences Aren’t Just for Cattle

Fences Aren’t Just for Cattle

While the 2022 harvest season is not complete, it is a good time for producers to consider price risk management strategies for the 2023 crop. Agricultural commodities have a tremendous amount of uncertainty due to global and U.S. economic weakness, elevated input...